Latest news with #GeneralDynamics
Yahoo
3 days ago
- Business
- Yahoo
Parsons (PSN) Q2 Earnings Report Preview: What To Look For
Infrastructure and defense services provider Parsons (NYSE:PSN) will be reporting earnings this Wednesday morning. Here's what to look for. Parsons missed analysts' revenue expectations by 3.1% last quarter, reporting revenues of $1.55 billion, up 1.2% year on year. It was a satisfactory quarter for the company, with an impressive beat of analysts' adjusted operating income estimates but a slight miss of analysts' backlog estimates. Is Parsons a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Parsons's revenue to decline 4.3% year on year to $1.60 billion, a reversal from the 23.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.74 per share. Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 5 downward revisions over the last 30 days (we track 9 analysts). Parsons has missed Wall Street's revenue estimates three times over the last two years. Looking at Parsons's peers in the defense contractors segment, some have already reported their Q2 results, giving us a hint as to what we can expect. BWX delivered year-on-year revenue growth of 12.1%, beating analysts' expectations by 7.2%, and General Dynamics reported revenues up 8.9%, topping estimates by 5.7%. General Dynamics traded up 5.7% following the results. Read our full analysis of BWX's results here and General Dynamics's results here. Investors in the defense contractors segment have had steady hands going into earnings, with share prices up 1.4% on average over the last month. Parsons's stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $83.10 (compared to the current share price of $74.60). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
CACI (CACI) Reports Q2: Everything You Need To Know Ahead Of Earnings
Defense, intelligence, and IT solutions provider CACI International (NYSE:CACI) will be reporting results this Wednesday after market close. Here's what investors should know. CACI beat analysts' revenue expectations by 1.5% last quarter, reporting revenues of $2.17 billion, up 11.8% year on year. It was a very strong quarter for the company, with an impressive beat of analysts' backlog estimates and an impressive beat of analysts' EBITDA estimates. Is CACI a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting CACI's revenue to grow 12.4% year on year to $2.29 billion, slowing from the 19.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $6.63 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. CACI has missed Wall Street's revenue estimates twice over the last two years. Looking at CACI's peers in the defense contractors segment, some have already reported their Q2 results, giving us a hint as to what we can expect. BWX delivered year-on-year revenue growth of 12.1%, beating analysts' expectations by 7.2%, and General Dynamics reported revenues up 8.9%, topping estimates by 5.7%. General Dynamics traded up 5.7% following the results. Read our full analysis of BWX's results here and General Dynamics's results here. Investors in the defense contractors segment have had steady hands going into earnings, with share prices up 1.4% on average over the last month. CACI is down 7.6% during the same time and is heading into earnings with an average analyst price target of $516.15 (compared to the current share price of $466.68). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
Wall Street Journal
4 days ago
- Business
- Wall Street Journal
Netscape's Lessons for AI Mania
The initial public offering was filed at $14. Everyone wanted shares, so Morgan Stanley set the deal price at $28. As trading started, the stock popped to $74, ending the day at $58. Tech star Figma? The latest SPAC? No, it was 30 years ago this week, Aug. 9, 1995. The Journal's Molly Baker nailed it: 'It took General Dynamics Corp. 43 years to become a corporation worth today's $2.7 billion in the stock market. It took Netscape Communications Corp. about a minute.' Remember, Netscape was a money-losing company with only $16.6 million in sales in its previous six months. Worth $2.7 billion! That's the equivalent of Nvidia shares going up 11 cents today. We've come a long way, baby.
Yahoo
5 days ago
- Business
- Yahoo
BWX Earnings: What To Look For From BWXT
Aerospace and defense company BWX (NYSE:BWXT) will be reporting earnings this Monday after market hours. Here's what you need to know. BWX beat analysts' revenue expectations by 5.1% last quarter, reporting revenues of $682.3 million, up 13% year on year. It was a very strong quarter for the company, with a solid beat of analysts' EBITDA estimates and a solid beat of analysts' adjusted operating income estimates. Is BWX a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting BWX's revenue to grow 4.5% year on year to $712.4 million, slowing from the 11.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.79 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. BWX has a history of exceeding Wall Street's expectations, beating revenue estimates every single time over the past two years by 4.8% on average. Looking at BWX's peers in the defense contractors segment, some have already reported their Q2 results, giving us a hint as to what we can expect. General Dynamics delivered year-on-year revenue growth of 8.9%, beating analysts' expectations by 5.7%, and Northrop Grumman reported revenues up 1.3%, topping estimates by 3%. General Dynamics traded up 5.7% following the results while Northrop Grumman was also up 10.4%. Read our full analysis of General Dynamics's results here and Northrop Grumman's results here. Investors in the defense contractors segment have had steady hands going into earnings, with share prices flat over the last month. BWX is up 4.4% during the same time and is heading into earnings with an average analyst price target of $148.30 (compared to the current share price of $150.18). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
01-08-2025
- Business
- Yahoo
General Dynamics Bath Iron Works Awarded Contract for Additional DDG 51 Destroyer
BATH, Maine, July 31, 2025 /PRNewswire/ -- General Dynamics Bath Iron Works, a business unit of General Dynamics (NYSE:GD), announced today that the U.S. Navy has exercised an option to add an additional DDG 51 destroyer to the multi-year contract awarded in 2023. "We are proud to be selected to build this ship for the U.S. Navy and to continue our legacy of contributing to the nation's defense," said Charles F. Krugh, president of Bath Iron Works. "I appreciate the efforts of our team to improve the construction process and build to the plan. We are clawing back schedule so we can deliver more Bath-built ships to our Navy. I would also like to acknowledge and thank our Congressional delegation who added this ship to the Fiscal Year 2025 Defense Appropriations Bill." Bath Iron Works currently has under construction the Flight IIA Arleigh Burke-class destroyers Harvey C. Barnum Jr. (DDG 124) and Patrick Gallagher (DDG 127) as well as the Flight III configuration destroyers Louis H. Wilson Jr. (DDG 126), William Charette (DDG 130), Quentin Walsh (DDG 132), John E. Kilmer (DDG 134) and Richard G. Lugar (DDG 136). General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 110,000 people worldwide and generated $47.7 billion in revenue in 2024. More information is available at More information about General Dynamics Bath Iron Works is available at View original content to download multimedia: SOURCE General Dynamics
